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Lethbridge Herald, The (Newspaper) - October 12, 1971, Lethbridge, Alberta iiiiiiiiiiiiii Market prices plunge lower Grain prices Toronto mines, industrials Livestock TORONTO (CP) Prices on the Toronto slock market plunged sharply lower for the fifth consecutive session in ac- tive mid-morning trading today. The industrial index was down 2.31 to 163.62, a low since Nov. 23, 1970. Golds were down .11 to 158.74, its lowest level since Sept. Base metals were off .63 to 76.91, a six-year low and western oils 6.79 to 221.52. Volume by 11 a.m. was shares, compared with at the same time Friday. Canadian exchanges were closed Monday, Thanksgiving Day. Declines- outnumbered ad- vances by almost five-to-one, 203 to 43, with 162 issues changed. Banking, food processing, merchandising, oil refining and Grasshopper plague may hit in '73 OTTAWA (CP) Agriculture Minister H. A. Olson says the Prairie provincial governments are responsible for dealing with any grasshopper plague that threatens to hit at least some regions next year or in 1973. However, he told Jack Murta in a Commons reply, "any assistance we can give will be forthcoming." Mr. Murta had proposed that the government organize a con- tingency plan to avert a plague. An unusually-high incidence of grasshopper eggs this year in some areas of the Prairies has prompted fears that multiplica- tion will reach plague propor- tions in the next year or two. Fishing nations parley wanted by minister OTTAWA (CP) Fisheries Minister Jack Davis says he is considering asking all fishing nations of the world to meet with Canada to discuss ways to preserve marine fisheries. Mr. Davis told a news confer- ence Friday that the conference could be called next year to make Canada's fishing policy clear before the Law of the Sea conference convenes in 1973. He also announced that a study group of representatives from the federal government and the East Coast fishing in- dustry will be formed to deal with the problems of reduced fish stocks in the Atlantic. n uuesrern naiurciLGas DIVIDEND NOTICE NOTICE il hereby given that the Board of Directors of this Company has declared the Ninety eighth quarterly dividend of Twenty Cents (20c) per shore payable on December 1, 1971 upon the outstanding 4% Cumulative Preference shores to be paid to the shareholders of record at the close of business on Friday, November 5tli, 1971. NOTICE is also given thcl the Board of Directors of this Company has declared the Fifty-fifth quarterly dividend af Twenty-seven Cents (27c) per share payable on Decem- ber 1, 1971 upon the out- standing Cumulative Preference shares to be paid to the shareholders of record at the close of business on Friday, November 5th, 1971. DATED at Calgary, Alberta this 6th day of October, 1971. By Order of the Board, A. J. SMITH, Secretary. steel issues were among tho market's weakest sectors. Canadian Imperial Bank dropped 1% to Pacific Pete to Home A to Pan Ocean to Bras- can to and Imperial Oi !4 to Inco lost to Stelco Bio Aigom to Hanger lo Royal Bank to and Bow Valley to Sherritt climbed V8 to CP Ltd. to ?1238 C.hieftain 25 cents to 58.75, Mclntyre 3 to Hudson Bay Mining Ve to and Abitibi Vs to LIGHT TRADE MONTREAL (CP) Prices in all sectors dipped lower in light trading on the Montreal stock market today with banks the biggest loser. On index, banks declined 4.04 to 198.27, industrials 1.94 to 172.98, utilities 1.74 to 145.86, pa- pers 1.01 to 66.45 and the com- posite 2.11 to 170.85. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares compared with at the same time Friday. Canadian Imperial Bank of Commerce led losses in the banking sector, down to Bank of Nova Scotia fell Vs to and Royal Bank to Dome Petroleum was off to Noranda to Canada Cement Lafarge to Walker-Gooderham to and MacMillan Bloedel to DJA UP NEW YORK (AP) Stock market prices climbed in to- day's moderate trading as investors wailed for labor's de- cision on the second phase of the administration's economic package. Tire noon Dow Jones average of 30 industrial stocks were up 1.68 at 893.62. Canadian issues were down across the board. Inco lost to Walker Gooderham was off Vi at and Canadian Pa- cific was down Vi at On the American Stock Ex- change, Brascan was off at and Canadian Javelin added Vi to Hog sale EDMONTON (CP) Aver- age prices to 11 a.m. Tuesday provided by the Alberta Hog Producers Marketing Board. Edmonton: 24.35. Average Friday, 24.48. Red Deer: 24.20. Average Friday, 24.59. Calgary: 24.30. Average Fri- day, 24.44. Lethbridge: No sale. Average Friday, 24.29. Lloydminster: No sales. Av- erage Friday, 24.10. Grande Prairie: No sale. Av- erage Friday, 23.53. Hog sales to 11 a.m. with sold Friday at an av- erage of 24.45. Sow price 13.55. DIVIDEND NOTICE NOTICE is hereby given that the Board of Directors of this Company has declared the One Hundred and Forty-second dividend of Twenty-six and one-quarter Cents per share payable on November 30, 1971 upon the outstand- ing Ordinary Shares to be paid to the shareholders of record at the close of business on Friday, November 5, 1971. DATED at Calgary, Alberta this 6th day of October, 1971. By Order of the Boord, A. J. SMITH, Secretary. MAJOR OIL COMPANY MAS FOR LEASE HIGH VOLUME SERVICE STATION WITH COFFEE SHOP AND LIVING QUARTERS ATTACHED Located on Highway No. 3 Apply to BOX 110, THE LETHBRIDGE HERALD Giving partlculori of experience and capital available Winnipeg Grain WINNIPEG (CP) All modilies were on stronger price patterns at mid-session on the Winnipeg Grain Ex- change today, with rapeseec making the sharpest gains and barley experiencing the most active trade. Locals and commission houses were active in rapcseed, where prices were nearly four cents higher in some futures. Flax had similar gains. The large volume of trade in barley, where prices were up marginally, was a result of of- fers by the Canadian Wheat Board. Volume of trade Friday con- sisted of bushels of flax, of Vancouver rapeseed, of Thunder Bay rapeseed and of rye. Mid-session prices Flax: Oct. 3-ls higher 2.3314B, Nov. 3% higher Z.MVtB, Dec. 3 higher 2.3314B, May 3'A higher Rapeseed Vancouver: Nov. higher 2.7H4B, Jan. 2% higher March high- er 2.64B, June Is higher Rapeseed Thunder Bay: Oct. 2Vt higher 2.5414B, Dec. 214 higher 2.55V4B, May 2 high- er 2.62B, July I'i higher 2.54B. Oats: Oct. unch Dee. unch 65B, May higher July not open. Barley: Oct. higher 1.02A, Dec. Hi higher May 1% higher 1.03-14A, July not open. Rye: Oct. unch 91B, Dec. Ti higher May higher July 95B. High Low Close Flax Oct 234V4 236% NOV 238Vi 233 238U Dec 237 237 May 245 244V4 JRapcseed Vancouver Nov 273% 273ss Jan 269i.i Mar 266Vi Jun Rapeseed Thunder Bay Oct 25-Hi Dec 261 263 Jly 254 Oats Oct Dec 65 May 66% 66 Vi 66% Jly 66% Barley Oct 102V2 10H4 102V4 Dec 102% 101V2 10214 May 102 Jly 102 Rye Oct Dec 92% May lOOVi 98 10014 Jly 9C (Supplied By Richardson Securities ot Canada) Steamship firms slash rates BRUSSELS (AP) With air- lines cutting transatlantic fares sharply, steamship lines got the green light here to join the competition. The Atlantic Passenger Steamship Conference an- nounced it would "grant to lines greater flexibility in meeting outside competition." Richard Duffy, secretary-gen- eral of the conference, told a re- porter he would "not be sur- prised" to see some new rates announced soon. What could become a rate war was set off when the Cun- ard line, which runs the Queen Elizabeth 2, withdrew from the conference and announced new low fares. Duffy would not say how great the new "flexibility" would be, but it was enough to prevent any further withdraw- als among the 13 lines remain- ing in the conference. C u n a r d announced 12-day tcurist-class trips, round trip, Southampton to New York, for The price will go into ef- fect Oct. 22. The present mini- mum official rdundtrip fare is ?634. Airlines have announced transatlantic trips at under to begin Feb. 1 Rapeseed quota upped WINNIPEG ICP) The Ca- nadian Wheat Board said Fri- day the regular delivery quota for rapeseed has been raised to five bushels a quota acre from Lhree on all prairie shipping blocks. a.m. QuolesI LAST BID OR SALE a.m. Quotes) a.m. Quotes) C.15 CUTS OPERATION SYRACUSE, N.Y. (Renter) General Electric Co. said Mon- day it is ending the operations of its integrated circuit products division, effective immediately. The company said the decision was made because "potential financial returns of this busi- ness are not commensurate with the extremely, large investment needed." About 520 employees, all in the Syracuse area, are af- 'ccled. MINES Advocate Asb. Akallcho Black Bay Bralorna Broulan Bethlehem Brunswick Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Dickenson Mines Denison Mines Deer Horn D'Eldona Domer Mines Donaltta Discovery Mines East Malartlc East Sullivan Falcon bridge Frobex First Maritimes Giant Y.K. Bovls Granduc Headway R.L. Hollinger Hudson Bay M-S Hvdra Ex. Iron Bay ISO Jollet Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrim New West Home Hew Athona New Calumet w. Horse Copper Noranda Northgate .35 1.75 .41 .04 1.75 .24 17.00 3.15 1.70 19.25 1.70 1.00 8.05 1.25 .11 JO.SO .04 .67 61.25 2.5! 71.25 .27 .50 7.50 1.50 4.75 6.00 Norlex Opemlska 03l5kO Patlno Pine Point Placer Dev. P.C. Exp. Quebec Man Radlor" Rio Algom Romnn Corp. Sherrltt Gordon Sliver Miller Steep Rock r TeK Corp. Texmont Upper Canada Western Mines .12 15.00 15.00 23.75 Dofasco CAB Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap .to Gulf Oil Cdn .10% Hawker Sid 1.13 Huron, Erie .20% Hiram Walk 13.75 Imperial Oil 5.00 Imasca 12.62% Inl Nickel .04% Int 2.01 Inv GD A 4.70 1.62 2.75 Wright Harflreavesl.12 Willroy .65 ______ Windfall Metro Stores Yellowknlfe Bear Massey Ferg Zenmae .04 McMillan INDUSTRIALS Moore Corp i Indust Accept Lnurentlde Kelly Doug A Loeb Loblaw A Abltlbi Alcan Algoma Steel Atco Ind Allan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit Cdn Indust Canada S 5 .08% Cdn Marconi Cdn Vlckers Chrysler CPR Cominco Cons Bath Cons Gas Dis'r Sea Dom Bridge Domtar Dom Textile 26.37% Dom Slores 4.90 Dome Pete 19.00 .16 2.95 6.60 II 34.00 2.70 69.00 .10 .15 9.00 .12 l.EO 5.62% Molsons A 16.75 Molsons B 11.62% North, Cent 7.87% Power Corp 6.12% Price Co 43.63 Va Rothmans 17.62% St Law Corp 59.00 Shell CDA 15.00 Simpson's 18.50 Simp Sears 18.00 Steel of Can 3.95 Selkirk A Texaco 4.10 Traders Gp A 2.90 Trans Mtn Pp Trans Can Pp 1.05 Union Gas 11.00 Union Oil 38.62% Versatile Mfg 2.95 Westeel Union Car Wesfon's B Woodward's A West Cdn Sd 6.12V) Zenilh Elec 19-50 BANKS 24.00 Can Imperial 9.50 Montreal 17.25 Nova Scotia 14.00 Royal 33.25 Tor Dom 8.75 21-00 12.25 20.75 20.25 13.15 5.00 II.1S UOO 35.50 2.25 21.37V: 35.00 30.12Vj 1B.25 29.50 26.00 6.75 35.75 18.25 5.12V: 3.85 4.90 14.50 10.50 20.50 34.00 17.00 16.50 V.01 4.65 6.62V: 13.50 19.00 35.62Vj 20.00 25.75 21.25 15.00 32.25 13.25 21.00 34.75 13.75 47.25 3.40 11.50 14.50 15.25 23.25 14.50 1.70 21.25 15.62VV 26.1 Vh 24.37V: 25.75 Arnr Anaconda Belli Steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper New York stocks (Supplied By Richardson Securities of Canada) and T 44.75 Montgomery Ward 31.62'A 20 Golds 158.02 off .83 u 151A Sears 94.75 10 Base Mel 76.46 off 1.08 Sid Oil of N.J. 71.25 15 W Oils 219.45 off 8. TeMS Volume 31.50 Texas Co 31.75 UEU. vflov AUKBAree 57.50 Wlckes Corp 50.25 "EW YORK AVERAGES Woolworlh 51.50 30 Indust 894.64 up 2.70 84.00 Westlnghouse Elec 93.50 20 Hulls 244.00 up 2.14 27.00 U.S. Steel 30.00 15 Utilities 115.96 up .77 TORONTO AVERASES 65 Slocks 310.20 up 1.65 26.50 20 Indust 163.11 off 2.82 Volume De Gaulle explained reason {or his famed Que. speech PARIS (CP) A book just published in Paris says Charles de Gaulle considered his famous Vive le Quebec Libre speech m Montreal in 1967 an important itep for French Canada. The book, Jamais Dit by Jean Raymond Tournoux, says the late French president explained :he reason for the speech to Ro- land Nimgesser, his secretary of state for foreign finance. "I thought that it was better ror de Gaulle to face the French Canadian he is re- )orted to have said shortly after .he Montreal speech. "There it he is quoted as telling Nungesser. "I realize what I said was premature for the French-Canadians who aren't ready to face the new sit- uation. "I realize I came on pretty strong. It is going to cause a lot of noise. "I'm doing a service to the French Canadians and to the federal government which doesn't want the Canadian prob- lem to get worse as did the black problem in the United States." Gen. de Gaulle is reported to have added that at his age he would not be returning to the American continent and it was better for him to face the prob- lem "as it had to be faced." Platinum stolen SAN FRANCISCO (AP) A supply of platinum dis- appeared on a flight from Chi- cago to San Francisco, investi- gators report. Billy Lee Per- kins, 36, of Aptos, Calif., re- ported two bars of platinum alloy disappeared from a satchel he had checked at O'Hare International Airport in Chicago Friday, authorities said Monday. FOR SALE 1969 Dodge Y2 ton Pickup VB molor, long wheelbase, 4 speed tram., H.D. suspension, radio, in top condition throughout.............................. 1969 Dodge Polara 500 2-door hardtop. V8 motor, automatic trans., power steering, power brakes, radio, in excellent condition. Contact FRED KING LEASING LTD. HOY MclNTOSH 327-0643 FRED KING 327-4158 A VOTE FOR E. S. (Steve) YASELENAK -is a Vote for I E s t a b liihment of a badly needed Junior High School. II. Improvement of Instruc- tion In the Primary Grades b y Unerring teacher load. III. Bringing E d u c o lion closer to the people. (a) Annual Ratepay en' (b} Open board meet- ings not in Canada. IV. Elimination of waste In every possible area. V. Making visitors wel- come at meetings. VI. Better School Board Teacher For Separate School Boord Vote: VASELENAK E. S. Steve X Intertftd by the Volt for VasflUnak Commirttt Lethbridge Livestock AFTERNOON SALE Calgary livestock CALGARY (CP) On offer to 11 a.m., about head; mostly slaughter steers and heifers. Trade was active. Slaughter steers were steady with over-finished kinds dis- counted 50 to 75 cents; heifers were steady with no strictly choice kinds offered; cows were scarce at steady prices and no bulls were offered. Choice slaughter steers 30.75 to 31.60, good 30 to 30.75, me- dium 28.75 to 29.75. 'Choice hei- fers 29.25 lo 29.70, good 28.25 to 29.25, medium 27 to 28. Good cows 22 to 23, medium 20.25 to 21.75, canners and cutters 17 to 20. eplacemcnt cattle were mostly fleshy, short-keep steers weighing between 800 and 1.000 pounds and selling at steady prices. A few stock calves sold steady for quality. Good feeder steers less than 750 pounds 34.50 to 37, more than 750 pounds 30.50 to 33.40. Good feeder heifers more than COO pounds 23 to 31.10. Good feeder cows 21 to 23.80. Good stock steer calves 36 to 42.25, depending on weight. Hogs base prices 24.30. Tua.doy, October 12, 1971 THE LETHBRIDGE HERALD _ 1ft Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherly, Roadhousc and McCualg) a.m. Quotes) LAST BID OR SALE a.m. Quotes) WESTEP'I OILS Hud Bay Oil Pfd 18.25 32.50 1.31 2.04 .70 6.35 Comecon meets in Moscow MOSCOW (Renter) Repre- sentatives of eight countries ar- rived in Moscow Monday for a meeting of the executive com- mittee of Comeeon, the East European trading group, Mos- cow radio reported. The dele- gates included the deputy pre- miers of Bulgaria, Czechoslova- kia, East Germany, Hungary, Mongolia, Poland and Romania and a member of Yugoslavia's federal executive council. China arming WASHINGTON (Reuter) John Foster, the Pentagon's weapons development chief, said here China is making ad- vances in nuclear weapons re- search far surpassing the ef- forts of Britain and France. He said China already has me- dium-range nuclear missiles, las nearly completed work on lie intermediate-range ballistic missile and would shortly be de- veloping the intercontinental missile. DIMNIK Inserted by the Dimnik r Alder Almlnc! Alta East Goi Asamera Ashland HP Oil GBS Can South Cdn Ex Gas Cdn Homestd Cdn Home Pfd Cdn Ind Gas Oil Cdn Long Is Cdn Super Cen Del Rio Charter CMeftan Dome Pete Dynamic Pete Gt Plains Lochiel Mill Cily New Cont North Cdn Oil Numac Perma Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Total W. Decalta MISCELLANEDU INDUSTRIES Agra Ind Atco Ind Aquafalne Brit Ntld Cdn Brew A Crin Brew B Cdn Hydro Car Cdn Parific Inv CPR Pfd Crowsnest Ind Cygnus A Cygnug B Genstar Gf Cdn Oil S Gt Cdn Oil 6-75 100.00 Home A 32.JO Home B 33.75 Home Pltfld 2.40 Hud Bay Co 16.75 Hud Bay Oil Hugh Russell 5.15 Husky Oil 16.25 Husky Oil Pfd Husky Oil War ft.ii Inter Prov Pipe 6.10 Inter Prov Steel 3.90 Joutel 8.60 Kaiser Res 18.00 Kam Kotia 10.62% Lake Dufault L Ont Port Cem MGF Manage 18.25 16.25 7.10 11.50 7.50 a.m. Quotes) Corp Invesr- 5.27 3.74 Corp Invest 51 F 5.03 5.50 Dreyfus F U.S. 12.72 13.39 Gr in Shares 3.r> Gr Equity 5.95 6.S3 Invest Gr F 10.5211.50 Men! 39.00 15.75 5.50 8.70 Pacific Rank Orrj Selk Hold She'I Csn Shell Inv Pfd Shell Inv Wts Sicks Teledyni 12.12Vi West Cdn Seed White Yukon 11.00 2.00 .65 -UO 32.75 1E.25 15.12'A 15B7'.'j 2.371 j 3.70 t 50 Mutual Mutual Ac Mutual Gr Nat Res N VV Fin N W Gr Principal Gr Royfund Temp Gr United Ac Universal Sav 5.26 5.7S 5.17 i.W F 5.14 5.65 6.78 7.41 4.33 4 76 5.47 401 4.14 455 5.39 5.61 55.00 77.32 4.79 5.36 6.88 7.56 CALGARY Acroll Barons Oil North Cont Madison 16.50 West Warner PIPELINE STOCKS Alia Gas Tr L A 4B.12% Alta Gas Tr L Pfd 76.0D Alta Nat Gas 22.E7Va Cdn W Nat Gas 19.00 Inland Nat Gas 1.75 N and C Gas Hco N and C B Pfd 29.25 5.12Va Pacific Gas Tr 13. no 29 50 Gas Metro Pfd A 65. VI 1.33 .54 T.03 1.25 6.60 8.00 37.50 VANCOUVER .7! .07 .30 .65 17.12'A 2.95 3.60 18.37V4 16.00 4.75 Coiumb'ia Cetlutose 3.90 Coronation Credit 1.05 Crestbrook F Ind 3.80 Anuk Arctic Mining Atlas Expior Bath Norse Beth Copper Block Bros Brenda B.C. Sugar B.C. sugar Pfd Capt inter Churchill Copper 3600 Gaz Melro 12.25 V Cdn P 23.50 10.12% 24.50 5.87% 6.25 11.00 5.05 Tr Cdn P Pfd E Tr Cdn P War Tram 3-U7V2 MUTUAL FUNDS >-i dyden Dolly Varden Dynasty Fort Rellanca Giant Mascot Granlsle Growers B Key Indust Hys Interior Drew Infer Mariner Kamloops Copper Lytton Minerals Okanagan Hellcop Plains Pete .16 .27 5.15 .43 4.60 lO.llVi 2.60 .19 5.75 4.40 .85 .OB 4.65 t.20. 5.62'A .24 All Cdn Com All Cdn Divld All Cdn Vent AGF Special Cdn In F Col Mutual Cmnw Inter Cmnw Lev 6.17 8.53 9.1B 10.03 3.76 4.11 6.13 6.73 2.95 4.85 6.15 6.75 12.44 13.67 3.57 Pyramid .37 Silver Standard 1.37 Stampede Intl Res .69 Texmnnt .38 .30 Western Mines 2.GQ WC Res .09 Western Expior .14 Dankoe 1.05 Not sick enough WICHITA, Kan. (AP) A 42-year-old laborer who suffered his third heart attack last Au- gust has been refused disability payments because his impair- ment is not severe enough. Ron- ald J, Shipman also suffers from diabetes and almost com- pletely lost the use of his left leg because of a Korean War in- jury, but a federal social secu- rity bureau has ruled his dis- ability "has not significantly affected his ability to think, rea- son, remember or communicate with others." Roy a I Trust Appointment J.C. Kennedy The appointment of J. C. Kennedy as Business Devel- opment Officer, Corporate is announced by The Royal Trust Company. For- nierJy Assistant Manager, Edmonton Branch, Mr. Kennedy will be responsible for business development throughout the Province of Alberta. He will be bastd 1m Edmonton, PROTECT AGAINST HEAT LOSS THIS WINTER WITH ZONOLITE ATTIC FILL 3 Cu. Ft. EACH 1 A GOOD SELECTION OF DRY BIRCH AND CEDAR FIREWOOD BIRCH per 17.25 I CEDAR per V, cord 1 2.25 ORDER EARLY OR CRESTLINE BUDGET PLAN NO DOWN PAYMENT CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Phone 327-5444 or 327-5110 For City Council Vote A. "NAP" MILROY ;